Microsoft Offers to Buy Yahoo

WHOA! Guess this is Microsoft’s new strategy for Google…

“Microsoft (NASDAQ:MSFT) Corp on Friday said it had offered to acquire Yahoo (NASDAQ:YHOO) Inc in a proposed cash and stock deal valued at $44.6 billion.

Microsoft said it had offered to buy Yahoo for $31 per share, which it said represented a 62 percent premium above the company’s closing stock price on Nasdaq on Thursday.”[NYT]

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